China as a Boon for Australia Australia has seen its economy boom over the last 10 years, thanks to the voracious appetite for commodities from China. The growth in the minerals and mining sector has led to sharp GDP growth in the country which also managed to escape the global financial crisis in 2008. China […]
NESL Changzhou NESL Solartech Co Ltd. was founded in 2006, with an initial registered capital of 50 million RMB. NESL is a state owned Chinese company with its own R&D, design and manufacture facilities for solar energy products. NESL’s production capacity is 400MW annually, with over 1,100 employees worldwide. The company also has offices worldwide […]
The Chinese Solar Industry is facing multiple problems over the last couple of years. Problems of Chinese Solar Industry 1) Massive global oversupply as large number of small and big players entered the industry with low entry barriers 2) Plummeting solar panel prices have driven prices below cost forcing huge losses for solar panel companies […]
Updated on: 22/6/2016 Chaori Solar was the first company in China to undergo the first bond default and filed for bankruptcy in July 2014. GCL-New Energy bought a 30% stake in Chaori Solar and together with other investors have a 66% majority shareholding. Since then Chaori Solar has been supplying to GCL New Energy. GCL […]
Chinese companies have risen from virtually nothing 5 years ago to become Top 5 Global Wind Energy Players.The Chinese companies have seen massive growth on the back of a strongly growing domestic market.China which now accounts of 50% of the world Wind Turbine market in 2010 is expected to see continued strong growth with the Chinese government setting a target of more than 100 GW by 2015.The growth of the Chinese Turbine Producers has been mainly due to the domestic content requirement set by the Chinese government earlier.The government owned utilities also favor the domestic companies leading to their astounding growth.
China’s Solar Industry is the biggest in the world with 5 of the biggest Solar Panel Manufacturers being Chinese.The low costs of Chinese Solar Panels have made them capture almost 40% of the world’s market in 2010 up from almost 0% in 2005.The remarkable growth in the Chinese Solar Panel Industry has been due to the supportive government,low labour and capital costs and aggressive competition.This has made the higher cost solar panel manufactures cut their prices in order to retain their marketshare.Trina Solar has shown the best growth amongst the solar panel producers and it now competes with Suntech which is the world’s biggest solar panel producer.China has also got a number of Tier 2 and Tier 3 producers of solar panels.These small solar panel companies sell mostly in the spot market and quote very low prices.The quality of the solar panels of smaller companies is also suspect.Due diligence and Review of Solar Panels is necessary in order to Buy Solar Panels from China.